Stagecoach Group plc (SGC) Price Target Cut to GBX 240 by Analysts at Barclays PLC
Stagecoach Group plc (LON:SGC) had its price objective cut by Barclays PLC from GBX 255 ($3.33) to GBX 240 ($3.13) in a research note issued to investors on Wednesday. They currently have an equal weight rating on the stock.
A number of other research firms have also recently issued reports on SGC. JPMorgan Chase & Co. lowered their target price on Stagecoach Group plc from GBX 256 ($3.34) to GBX 180 ($2.35) and set an underweight rating for the company in a research note on Friday, July 1st. Royal Bank Of Canada reduced their price target on Stagecoach Group plc from GBX 280 ($3.65) to GBX 240 ($3.13) and set a sector performer rating for the company in a research report on Thursday, September 1st. Deutsche Bank AG reaffirmed a buy rating and set a GBX 365 ($4.76) price target on shares of Stagecoach Group plc in a research report on Thursday, June 30th. Goldman Sachs Group Inc. reaffirmed a neutral rating and set a GBX 280 ($3.65) price target on shares of Stagecoach Group plc in a research report on Monday, June 27th. Finally, Canaccord Genuity assumed coverage on Stagecoach Group plc in a research report on Monday, September 19th. They set a hold rating and a GBX 237 ($3.09) price target for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Stagecoach Group plc presently has an average rating of Hold and an average target price of GBX 269 ($3.51).
Shares of Stagecoach Group plc (LON:SGC) traded down 0.19% during trading on Wednesday, reaching GBX 209.50. 453,523 shares of the company were exchanged. Stagecoach Group plc has a one year low of GBX 193.80 and a one year high of GBX 378.50. The stock’s market capitalization is GBX 1.20 billion. The company has a 50 day moving average price of GBX 220.06 and a 200-day moving average price of GBX 233.81.
About Stagecoach Group plc
Stagecoach Group plc is a United Kingdom-based transport company. The Company is engaged in the sale and operation of passenger transport. The Company operates in five segments: UK Bus (regional operations), megabus Europe, UK Bus (London), North America and UK Rail. UK Bus (regional operations) connects communities in over 100 towns and cities across the United Kingdom on bus networks stretching from the Highlands of Scotland to south west England.
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